November 17, 2016 - By kentuckypostne · 0 Comments
John Hancock Income Securities Trust (NYSE:JHS) institutional sentiment decreased to 0.45 in Q2 2016. Its down -0.44, from 0.89 in 2016Q1. The ratio is negative, as 5 active investment managers increased and opened new holdings, while 11 decreased and sold their holdings in John Hancock Income Securities Trust. The active investment managers in our partner’s database now own: 3.13 million shares, down from 3.17 million shares in 2016Q1. Also, the number of active investment managers holding John Hancock Income Securities Trust in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 8 Increased: 3 New Position: 2.
John Hancock Income Securities Trust is a closed-end management investment company. The company has a market cap of $161.19 million. The Fund’s investment objective is to generate a high level of current income consistent with prudent investment risk. It currently has negative earnings. Under normal circumstances, the Fund invests approximately 80% of its net assets (plus borrowings for investment purposes) in income securities, consisting of marketable corporate debt securities, governmental obligations, and cash and commercial paper.
About 12,494 shares traded hands. John Hancock Income Securities Trust (NYSE:JHS) has declined 0.43% since April 15, 2016 and is downtrending. It has underperformed by 5.05% the S&P500.
Sit Investment Associates Inc holds 0.54% of its portfolio in John Hancock Income Securities Trust for 1.40 million shares. Brick & Kyle Associates owns 39,060 shares or 0.46% of their US portfolio. Moreover, Karpus Management Inc. has 0.46% invested in the company for 617,884 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.45% in the stock. Rmb Capital Management Llc, a Illinois-based fund reported 28,782 shares.#img1#
John Hancock Income Securities Trust (the Fund) is a closed-end diversified investment management company. The Fund’s investment objective is to generate a high level of current income. The Fund invests in a diversified portfolio of freely marketable debt securities and may invest an amount not exceeding 20% of its assets in income producing preferred and common stock. The Fund will invest at least 80% of net assets in income securities. Income securities consists of marketable corporate debt securities, governmental obligations, and cash and commercial paper.
More notable recent John Hancock Income Securities Trust (NYSE:JHS) news were published by: Prnewswire.com which released: “John Hancock Closed-End Funds Announce Renewal of Share Repurchase Plans” on December 10, 2015, also Law360.com with their article: “Petrobras Hit With Another NYSE Stockholder Suit Over Bribes” published on May 18, 2015, Prnewswire.com published: “John Hancock Closed-End Funds Release Earnings Data” on May 27, 2016. More interesting news about John Hancock Income Securities Trust (NYSE:JHS) were released by: Seekingalpha.com and their article: “John Hancock Preferred Income Fund: A Good Or Bad Investment?” published on July 21, 2016 as well as Seekingalpha.com‘s news article titled: “John Hancock Preferred Income Fund II: A Good Or Bad Investment?” with publication date: July 04, 2016.
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